Market Share of Facility Management Industry
The Facility Management Market is highly fragmented, with local and international players having decades of industry experience. The FM vendors are incorporating a powerful competitive strategy by leveraging their expertise. Also, they are spending a large chunk of the amount on advertising. The FM companies are incorporating technologies into their services, strengthening their service portfolio. A few prominent companies operating in the market include Cushman & Wakefield PLC, Jones Lang LaSalle Inc., Emeric Facility Services, SMI Facility Services, etc.
In May 2023, Planon and SAP established a strategic alliance to provide businesses with an integrated real estate and facilities management solution. Consequently, corporate entities and commercial real estate firms will gain from enhanced and more sustainable building performance as well as optimized portfolio management. The partnership provides enhanced integration of procedures and technology by combining Planon's substantial real estate and smart building management solution with SAP's superior ERP capabilities.
In April 2023, the BT Group expanded its arrangement with CBRE to include facilities and project management services for its UK portfolio, which includes more than 7,500 premises to assist more than 80,000 BT Group and Openreach employees. The contract extension extends the current cooperation until 2026 to provide an additional level of synergy and service delivery.
Facility Management Market Leaders
CBRE Group, Inc.
Jones Lang LaSalle Incorporated
Cushman & Wakefield PLC
Emeric Facility Services
SMI Facility Services
*Disclaimer: Major Players sorted in no particular order
